The financials
Madison Square Garden Sports Corp. by the numbers
Madison Square Garden Sports Corp. (MSGS) reported revenue of $279M in Q4 2026 (quarter ended Jun 30, 2026), up 37% from the same quarter a year earlier. That came with a gross margin of 43% and net income of $28M (10% of revenue). For the full year FY2026, revenue was $1.15B (+11% year on year) and net income $7.8M. Its largest product in Q4 2026 was Event Related at $201M, 72% of the disclosed total, well ahead of Sponsorship Signage And Suite Licenses at 14%.
| Income statement | Q4 2026 | Q4 2025 | Change |
|---|---|---|---|
| Revenue | $279M | $204M | +37% |
| Gross profit | $119M | $49M | +143% |
| Operating income | $32M | −$23M | to a profit |
| Net income | $28M | −$1.8M | to a profit |
| Diluted EPS | $1.17 | −$0.07 | to a profit |
| Product | Revenue | Share |
|---|---|---|
| Event Related | $201M | 72% |
| Sponsorship Signage And Suite Licenses | $39M | 14% |
| Media Rights | $28M | 9.9% |
| League Distribution | $11M | 4.1% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q4 2026Total $278.7M (-36%)
League Distribution grew +183% year on yearMedia Rights -0.33% year on year
Segment Latestquarter on quarteryear on year
- Event Related$200.7M$200.7MQoQ +23%year on year +43%+23%+43%
- Sponsorship Signage And Suite Licenses$39.1M$39.1MQoQ -65%year on year +23%-65%+23%
- Media Rights$27.7M$27.7MQoQ -80%year on year -0.33%-80%-0.33%
- League Distribution$11.3M$11.3MQoQ -29%year on year +183%-29%+183%